ISLAMABAD: The Pakistan Foreign Office said on Thursday Islamabad would share its concerns regarding terror groups that threatened its security with Washington as the two countries hold counterterrorism talks in the United States this week. 
The three-day talks, which commenced on Wednesday and will conclude on May 10, are part of the Pakistan-US Counterterrorism Dialogue. The Pakistani delegation is led by the Additional Secretary United Nations division at the foreign ministry, Syed Haider Shah. 
The initial round took place last year in Islamabad, where discussions centered on the counterterrorism landscape in Pakistan and the wider region.
“The counterterrorism talks between Pakistan and the United States are ongoing and the two sides will discuss issues related to security and countering violent extremism and combating terrorism financing,” foreign office spokesperson Mumtaz Zahra Baloch told reporters in a weekly briefing in Islamabad, saying terrorism posed a collective threat to the international community. 
“It is important for Islamabad to share its concerns about terrorist groups that threaten its security with its interlocutors during these dialogues and this is a priority for Pakistan when we engage in these talks,” she added.
The FO statement comes two days after Pakistan’s military said a suicide bomb attack that killed five Chinese engineers was planned in neighboring Afghanistan, and that the bomber was also an Afghan national. 
Relations between Pakistan and Afghanistan have soured in recent months as Islamabad says Kabul is not doing enough to tackle militant groups targeting Pakistan from across the border. Kabul says rising violence in Pakistan is a domestic issue for Islamabad and has denied allowing the use of its territory to militants.
Gaza 
At Thursday’s press briefing, the Pakistan foreign office also condemned Israel’s attack on a Jordanian aid corps for humanitarian assistance to occupied Gaza.
“It is not just a flagrant violation of the obligations of the occupying power but a dangerous provocation that may lead to further escalation of tensions in the region,” Baloch said, condemning the invasion and seizure of the Rafah border crossing in southern Gaza by Israeli forces in what Islamabad said was defiance of international warnings and acceptable international behavior. 
“With its latest actions, Israeli occupation authorities have once again demonstrated their contempt for international humanitarian law as they continue to pursue an abhorrent policy of genocide and extermination in Gaza,” Baloch added.
Pakistan-Saudi Arabia relations 
Amid a flurry of visits between Pakistan and Saudi Arabia, including by the Saudi foreign minister and a high-powered business delegation to Islamabad and two visits by the Pakistani prime minister to Riyadh, the foreign office spokesperson said Pakistan and Saudi Arabia were engaged in a “robust dialogue” on cooperation in diverse domains, including in the energy sector.
“The two sides are also engaged in discussions for increased Saudi investments in Pakistan,” she added.
Baloch highlighted Pakistan’s emphasis on increased engagement, particularly with the Middle East, to attract foreign investment, saying the Special Investment Facilitation Council (SIFC) set up last year to oversee foreign financing was implementing measures to offer incentives to foreign investors in support of this effort.
Pak-Iran Gas pipeline
Baloch said the Iran-Pakistan (IP) gas pipeline was a “priority” for the country and reiterated that the South Asian nation would decide on the issue based on its own interest.
“Pakistan will take decisions based on its own national interest, and the Iran-Pakistan gas pipeline is a priority for Pakistan,” she added.
The two countries signed an agreement to construct the pipeline from Iran’s South Fars gas field to Pakistan’s Balochistan and Sindh provinces in 2010, but work on Pakistan’s portion has been held up due to fears of US sanctions.
In March, Islamabad said it would seek a US sanctions waiver for the pipeline. Washington, however, has said it does not support the project and cautioned about the risk of sanctions in doing business with Tehran.

KARACHI: Pakistan State Oil, the country’s largest oil marketer, says it is in talks with the government on a plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such as the national airline.
Stopping the pile-up of unresolved debt across Pakistan’s power sector, and ultimately settling it, is a top concern of the International Monetary Fund (IMF), with which Islamabad begin talks this month for a new long-term loan deal.
“Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against (PSO’s receivables),” said Syed Muhammad Taha, the managing director and chief executive of state-backed PSO.
“That is our proposal and this is under consideration, so we are working with the government,” Taha said in an interview on Wednesday with Reuters, which is the first to report the plan.
Pakistan’s government, with a stake of about 25 percent, is the biggest shareholder of PSO, but private shareholders own the rest.
Government officials, including the petroleum minister and the information minister, did not reply to a Reuters request for comment.
Total circular debt in Pakistan’s power and gas sectors stood at 4.6 trillion rupees ($17 billion), or about 5 percent of GDP by June 2023, the IMF says.
Circular debt is a form of public debt that stems in part from failure to pay dues along the power sector chain, starting with consumers and moving to distribution companies, which owe power plants, which then have to pay fuel supplier PSO.
The government is either the biggest shareholder, or outright owner of most these companies, making it tough to resolve debt as fiscal tightening leaves it strapped for cash.
Among other steps sought by the IMF, Pakistan has raised energy prices to stop the build-up of debt. But the accumulated amount still has to be resolved.
Taha said the IMF reforms helped the sector by boosting creditors’ ability to pay, which will continue to improve.
PSO’s aggregate receivables from government agencies and autonomous bodies stood at 499 billion rupees ($1.8 billion), the largest share owed by gas provider Sui Northern Gas, whose largest shareholder is the government.
PSO’s annual report last year said the crisis of owed debt was a serious issue for it.
Taha said PSO had initially floated the idea of acquiring stakes or complete ownership of assets such as power plants in Nandipur in the northern Punjab province and Guddu in southern Sindh, as well as the government-owned holding entity for power generation companies.
It also discussed equity stakes in profitable public sector companies such as the Oil and Gas Development Co, he added.
PIA DEAL
Taha said PSO was also a part of the broader settlement framework for the privatization of Pakistan International Airlines, which would potentially include a “clean asset swap” and a stake in the airline’s non-core assets, such as property.
The government is putting on the block a stake ranging from 51 percent to 100 percent in debt-ridden PIA as part of the public-sector reforms sought by the IMF.
In March, media said the principal alone that PIA owed PSO for fuel supply amounted to roughly 15.8 billion rupees ($57 million).
Taha added that he expected modest growth in demand for petroleum products as the economy opens up, thanks to lower interest rates and higher disposable income.
As economic conditions improve, he added, PSO is working with big strategic investors from China and the Middle East to upgrade and expand its refinery arm, Pakistan Refinery Ltd.
PSO has a network of 3,528 retail outlets in addition to 19 depots, 14 airport refueling facilities, operations at two seaports, and Pakistan’s largest storage capacity of 1.14 million tons.